DUBAI 16 January 2019: New year, new job, new country? A stint abroad could be the key to unlocking a more confident, creative and adaptable you according to HSBC’s Expat Explorer survey, as it announces the best countries in the world to work abroad.
The United Arab Emirates (UAE) marks its third consecutive year in the top league, along with Singapore (No.1), Germany, New Zealand, Canada and Bahrain.
The UAE was ranked ahead of countries such as USA, UK, France, Spain and Japan.
The survey of more than 22,000 expatriates in 2018 from the world’s leading international bank reveals that career ambition is the number one reason why people take the plunge and settle abroad.
Among the primary reasons expats highlighted the UAE as one of the top international career destinations was for the benefits packages offered by employers (ranked 1st) and its earnings prospects (ranked 3rd).
Some 75% of expats in the UAE receive an annual airfare allowance to their home country and 85% receive health and medical allowances compared to global average of 17% and 43% respectively.
Marwan Hadi, Head of Retail Banking and Wealth Management, UAE, HSBC, said: “The UAE once again emerges as the destination of choice for ambitious globetrotters looking to expand their careers in 2019. Better earning potential is the cornerstone of why people seek career opportunities here. It is indicative of the success of UAE’s focus on diversification, which has resulted in the creation of an internationally recognised and sought-after working environment.”
Nearly three quarters of expats in the country (73%) said that they earn more than in their home country.
“Given these advantages, expats moving to and living in the UAE should look to make the best of their lives abroad. Knowing where to keep your savings and planning short and long-term financial needs is vital. Once you have the logistics in order, you can focus on seeking out new experiences, gaining new skills and learning more about your new environment,” said Hadi.
New Year Career Resolutions
If self-improvement is on your list of New Year resolutions, a stint abroad could be the answer. Try these destinations to become your best self:
Get out of your comfort zone: Working abroad anywhere can make you more adaptable (61% of all people working abroad say this) and more confident (58%).
Gain confidence: UAE is the place to go if you want to build confidence and steer your career forward. 60% of people say working in the UAE has developed their confidence.
Make new friends: Eager to become a people person? Brazil, Indonesia and the Philippines are the most sociable workplaces in the world.
Finish that novel: Head to Brazil, 57% of foreign workers say working in Brazil has made them more creative.